Krones (ETR:KRN – Get Rating) has been assigned a €121.00 ($123.47) price objective by UBS Group in a note issued to investors on Tuesday, Borsen Zeitung reports. UBS Group’s target price points to a potential upside of 36.80% from the stock’s current price.
A number of other research firms also recently issued reports on KRN. Warburg Research set a €129.00 ($131.63) target price on shares of Krones in a research report on Friday. Hauck Aufhäuser Investment Banking set a €99.00 ($101.02) price objective on shares of Krones in a research report on Monday. Deutsche Bank Aktiengesellschaft set a €110.00 ($112.24) target price on shares of Krones in a research report on Tuesday, August 9th. Baader Bank set a €120.00 ($122.45) price target on shares of Krones in a report on Friday. Finally, Berenberg Bank set a €90.00 ($91.84) price objective on shares of Krones in a report on Thursday, September 8th.
Krones Stock Down 1.2 %
Shares of ETR:KRN opened at €88.45 ($90.26) on Tuesday. The firm has a 50 day simple moving average of €83.19 and a 200 day simple moving average of €79.33. Krones has a 52 week low of €67.50 ($68.88) and a 52 week high of €99.60 ($101.63). The company has a debt-to-equity ratio of 6.10, a quick ratio of 1.00 and a current ratio of 1.40. The company has a market cap of $2.79 billion and a PE ratio of 16.69.
Krones AG, together with its subsidiaries, plans, develops, and manufactures machines and lines for the production, filling, and packaging technology in Germany and internationally. It operates in two segments, Machines and Lines for Product Filling and Decoration, and Machines and Lines for Beverage Production/Process Technology.
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